Rosneft Tag

The largest offshore natural gas field in the Mediterranean, Egypt’s Zohr field, has started production, bringing the country closer to its goal of being energy self-sufficient. The giant gas field is operated by Italian energy firm Eni, which owns 60% of the field along with Russia’s...

Just days after revealing plans to invest US$8.4 billion in offshore Arctic exploration, Rosneft (MCX:ROSN) has announced the discovery of oil in the Eastern Arctic. The discovery was made by experts drilling a prospective well on the shelf of the Khatanga Bay in the Laptev Sea,...

Rosneft (MCX: ROSN) has begun drilling of a well in the Northernmost region of the Russian Arctic shelf, drawing praise from President Vladimir Putin. The Tsentralno-Olginskaya-1 well was tapped in the Laptev Sea using an onshore facility drilling horizontally, and is the first of its kind...

Russia’s largest oil producer Rosneft (LSE:ROSN) has agreed an oil exploration deal with the National Oil Corporation (NOC) of Libya. Prior to the tumultuous period culminating in the overthrow of Colonel Gaddafi in 2011, Russia held significant investments in Libya, and is now looking to regain...

Italian energy firm Eni (BIT:ENI) has sold a stake in Egypt’s Zohr gasfield, worth US$1.1 billion, to state-owned Russian oil giant Rosneft (MCX:ROSN). This sale represents Eni’s ongoing ‘dual exploration model’, which aims to cash in on its most recent discovery, following a similar deal struck...